Summary
This position manages all aspects of the development process, from site acquisition and project conception through construction completion and lease-up for multiple projects. The Project Manager is also responsible for ensuring a smooth transition of the process from development through occupancy and into operations.
Responsibilities
Project Inception and Feasibility
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Under direction of the Director of Development, working with the Business Development team or with the Senior Vice President of Development for RFP, identify and test feasibility of potential development opportunities through coordination of physical and financial due diligence activities (entitlement probability, financial and market analysis, initial product identification, overseeing CEQA/EIR environmental studies, architectural, engineering and land use studies, etc.)
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In coordination with Capital Markets team, maintain current knowledge of BRIDGE debt and equity underwriting standards as well as state and local gap funding standards;
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Represent BRIDGE, as assigned by the Director, with lenders, investors, contractors, city officials, brokers, peers, and others
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Work with supervisor and other divisions within the company to gain approval with Internal Project Committee reports for acquisition, initial development concepts and funding of initial feasibility and subsequent activities
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Ensure proper coordination with property managers and other departments and resources within BRIDGE to assure compliance with underwriting and development goals
Planning Approvals/Entitlements
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Manage team of consultants and process of obtaining required planning approvals
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Coordinate with Asset department, Resident Services, and Property Management to ensure that programmatic issues with respect to maintenance, operations and provision of services are adequately addressed
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Coordinate company resources to ensure political support of the project, including:
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Managing and overseeing the entitlement process, including representation, as assigned, before municipal and other regulatory boards, working with land use attorneys, land planners, architects, engineers and other consultants, and local officials
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Managing community outreach programs to build support for the development program
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Contracting and management of the design development team responsible for design conceptualization and programming
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Working as an asset team member and leader with other company disciplines
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Working closely with the General Contractor and with the property management group during marketing and lease-up through stabilized occupancy
Project Design and Construction
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Manage the design and construction team to ensure a financially and operationally viable development in a timely and cost efficient manner
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Coordinate with accounting to manage construction draw process and maintain lender/investor relationships
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Prepare and maintain regular progress reports tracking construction milestones, budgets, and key deliverables
Financial
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Create and maintain up-to-date pro forma that accurately reflect the project budget and financing plan. Work with financial consultant.
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Obtain financing for completion of the development, including preparation of applications for state and local financing
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Manage project costs and budget throughout the development process
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Obtain formal approval of budget prior to implementation, including those that require expenditure of BRIDGE internal resources
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Ensure long term viability by budgeting adequate reserves and operating expenses in consultation with Asset department and property management
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Ensure the protection of BRIDGE’s assets and resources through conservative assumptions and clear documentation of loan and partnership terms
Quality
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Maintain consistency with BRIDGE design and construction standards, to ensure the highest quality development that reinforces BRIDGE’s commitment to long term viability and contextual design
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Treat all members of the BRIDGE team with respect and consideration
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Preserve BRIDGE’s existing relationships and build new ones through professional conduct with outside entities
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Collaborate with other members of the division and the company on special initiatives that will continue to keep BRIDGE at the forefront of the industry
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As assigned, potentially supervise Project Administrator to maximize own ability to drive the direction of projects
Qualifications
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3 to 5 years of experience in real estate development, including affordable and multifamily/attached residential experience
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Strong academic background with a college degree
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Threeor more years of on-the-job experience in the development of complex projects such as urban and transportation-oriented multifamily housing
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Experience in conceptualizing, site planning, and programming multifamily developments
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Proven experience in all phases of the new construction development process from site control through entitlement, design, construction, lease-up, and stabilization
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Ability to develop and execute community outreach programs, maintain relationships with civic leaders to build awareness and support for proposed development projects
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Proven real estate finance expertise in rental and low-income housing tax credits
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Ability to manipulate project pro forma and articulate the case for a specific project
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Experience managing internal and external teams on development projects
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Ability to work with time sensitive material and meet multiple deadlines
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Proficiency in MS Office
Preferred
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MBA or equivalent degree in business, real estate, architecture, planning, or finance
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Strong knowledge of market dynamics and real estate values in Southern California market
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Experience taking several projects through the entire development process
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Valid CA driver’s license
BRIDGE Housing is an Equal Opportunity Employer committed to fostering an inclusive environment for our diverse workforce. We do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, marital status, veteran status, or disability. Pursuant to the California Fair Chance Act, we will consider qualified applicants with arrest records.
BRIDGE qualifies the contents of all information candidates provide in their resume and any offer of employment is contingent upon (a) a criminal background check, (b) verification of all information provided, including past employment, correct hire and separation dates, education, degree, or other credentials, and (c) three satisfactory employment references.
In the case of application involves fraud or misrepresentation, BRIDGE may in its discretion rescind the job offer. Nothing in this policy changes the at-will nature of employment, and BRIDGE may withdraw an offer of employment or terminate the employment relationship at any time, with or without reason.
